MMi Daily Iron Ore Report (January 13)

On June 22, the winning bid result for the public tender of PV module equipment procurement for the Dadu River Company’s Ganluo Phase II PV power generation project was announced. The winning enterprise was Jinko Solar Co., Ltd., with a unit price of 0.765 Yuan/W. The tender announcement indicated that the scope of this tender covers the PV module equipment procurement for the Ganluo Phase II PV power generation project (448.7087MWp), including but not limited to series connectors for matching modules, spare parts and special tools, PV module factory tests, packaging, insurance, transportation, training, installation guidance, and cooperation in project plan optimization, on-site commissioning and testing, participation in trial operation, and completion acceptance. The project does not accept consortium bids or bids from agents.

[Vietnam] Dragged down by sluggish trading, buyers in the Vietnamese hot-rolled coil (HRC) market maintain an extremely strong wait-and-see stance. In an effort to stimulate transactions, some Indian sellers have proactively conceded margins by cutting their HRC offers sharply to 550 USD/tonne CFR Vietnam, representing a significant discount from the previous mainstream asking price of 565 USD/tonne CFR. However, due to weak market expectations and highly depressed purchasing intent, this price reduction has still failed to attract any substantial buying interest.